Fashion's Dynamic Duo Opens First Miami Store in Bal Harbour, Presented by Veronica Beard

Fashion's Dynamic Duo Opens First Miami Store in Bal Harbour, Presented by Veronica Beard

Miami fashionistas, rejoice! Veronica Beard is taking the Magic City by storm with the brand’s first stand-alone boutique in the city, at the beloved Bal Harbour Shops. What customers wi…

Las nuevas estaciones de Aventura y Boca Raton de Virgin Trains estarán en linea en 2020

Las nuevas estaciones de Aventura y Boca Raton de Virgin Trains estarán en linea en 2020

Virgin Trains – antes conocido como Brightline – ha anunciado la fecha en la que se espera que varias nuevas estaciones se conecten en línea, en una carta dirigida a los inversores ayer.

Por Redacción Miami Diario

Aventura tiene como objetivo comenzar el servicio de ingresos en octubre de 2020, con una estación de 77 millones de dólares que incluye estacionamiento y un puente peatonal hacia el centro comercial. La ciudad densamente poblada y el centro comercial contribuirán «significativamente» al número de pasajeros, dice la compañía. Aventura es el segundo centro comercial más visitado de los Estados Unidos con 28 millones de visitantes anuales. Se espera que el cierre de la propiedad y la construcción de las primeras obras comiencen antes de finales de 2019.

Boca Raton también tiene como objetivo comenzar el servicio de ingresos en octubre de 2020. El 13 de noviembre se celebró una reunión del Consejo de la Ciudad, con la aprobación final del acuerdo y la financiación de $12 millones para la construcción de un estacionamiento que se espera para el 10 de diciembre. Se espera que el diseño, la concesión de permisos y las primeras obras de construcción comiencen antes de finales de 2019.

Se espera que la nueva estación Virgin de PortMiami entre en funcionamiento a finales de 2020, y que su construcción comience a principios de 2020. Se espera que los comisionados del condado aprueben un acuerdo final en diciembre de 2019.

Se espera que las tres nuevas estaciones del Sur de la Florida añadan 2 millones de pasajeros al sistema.

La construcción del tramo al aeropuerto de Orlando sigue en el plazo previsto. Virgin dijo en la carta que está en negociaciones para prestar servicios a uno o más de los principales parques de entretenimiento de Orlando, y que ahora está comenzando el diseño detallado y los trabajos de ingeniería para la extensión del sistema ferroviario al oeste del aeropuerto de Orlando.

Para el mes terminado el 31 de octubre de 2019, Virgin transportó 83,426 pasajeros y generó $1.7 millones en ingresos, un aumento de 39% y 60%, respectivamente, en comparación con el período del año anterior. La tarifa promedio de boletos fue de $14.78 al mes y los ingresos accesorios totalizaron $0.5 millones. Los viajes diarios de los viajeros y otros usuarios frecuentes alcanzaron un máximo histórico en octubre.

En lo que va del año 2019, Brightline transportó 784,487 pasajeros y reconoció $17.0 millones de ingresos totales, un aumento de 96% y 171%, respectivamente, en comparación con el periodo del año anterior.

Fuente: The Next Miami

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La entrada Las nuevas estaciones de Aventura y Boca Raton de Virgin Trains estarán en linea en 2020 se publicó primero en Miami Diario.

Home prices accelerate nationally as owners stay longer

Home prices accelerate nationally as owners stay longer

Home prices are on the rise, and homeowners are opting to stay in their homes longer (Credit: iStock)

Home prices are on the rise, and homeowners are opting to stay in their homes longer (Credit: iStock)

The pace of rising home prices quickened in September and existing home sales ticked up 1.9 percent.

Average home prices in cities across the nation rose 3.2 percent compared with the same period in the previous year, the Wall Street Journal reported. The year-over-year rise in August had been 3.1 percent.

The gains mark a two-month departure from a long period of slowing growth in home prices.

The gains were more moderate — just 2.1 percent — in the large urban areas tracked by the composite S&P CoreLogic Case-Shiller U.S. National Home Price Index.

A separate report released last week by the Federal Housing Finance Agency echoed those findings, while the National Association of Realtors said existing home sales increased by 1.9 percent in October.

Homeowners are choosing to stay in their homes longer, in part because of a dearth of affordable options and tax abatements for older homeowners, according to a Redfin study, the Washington Post reported. Owners in homes where walkable amenities are available are also less likely to move, and houses with higher walkability scores sell faster, the study found.

The number of homes for sale in Washington, D.C., has fallen 38.1 percent since 2010, while the median sale price surged 36.7 percent to $410,000 from $299,900. Washington-area homeowners are also sticking around more — remaining in their homes for a median of 13 years, compared with just nine in 2010.

[WSJ, WaPo] — Georgia Kromrei

The post Home prices accelerate nationally as owners stay longer appeared first on The Real Deal Miami.

Bad Bunny on Being Unapologetically Himself

Bad Bunny on Being Unapologetically Himself

To be Bad Bunny is to be the voice of a generation while remaining unmistakably yourself; to stay rooted in your culture while taking your music global; to be wildly famous and a little misun…

Partido Popular propondrá bloquear en Europa los fondos del régimen de Maduro

Partido Popular propondrá bloquear en Europa los fondos del régimen de Maduro

La mejor fórmula para evitar que España se convierta en el «paraíso fiscal» de militares y cargos chavistas es ampliar el número de las llamadas «sanciones individuales adicionales» para bloquear sus cuentas, según lo indicó el Partido Popular español, conservador.

Por Redacción Miami Diario

Lo cierto es que el PP comparte el diagnóstico de la oposición venezolana y por ello hará esa solicitud en Europa.

Es de hacer notar que el portavoz del grupo popular en el Senado, Javier Maroto, acaba de regresar de Caracas luego de una visita a la Asamblea Nacional. Maroto fue invitado por la oposición.

Como se recordará, durante su intervención en la Asamblea Nacional fue increpado, insultado y atacado verbalmente por los parlamentarios chavistas.

Moroto indicó que la pelea se desató justo cuando aludió a lo que describió como el «punto débil del régimen» que, explicó, es precisamente la posibilidad de bloquear los fondos de los chavistas y sus familias en Europa, que «roban a manos llenas» en su país y «viven a cuerpo de rey» en España y Europa.

Refirió que en España solo hay 25 venezolanos con las cuentas bloqueadas, «cuando deberían ser muchos más, «de coronel para arriba y todos los cargos del gobierno», afirmó, porque son los que «sostiene el régimen», que no dudó en calificar de «dictadura», mientras muchos venezolanos pasan por grandes penurias.

En ese sentido, el político sugirió que «debes darles por donde les duele», es decir, «no poder usar lo robado fuera de tu país».

Por ello, estima que para que las sanciones individuales sean efectivas es preciso una respuesta unitaria de toda Europa porque si un solo país las aplica les basta con asentarse en otro, y esto es algo que el PP promoverá tanto en las instituciones europeas, como en la Eurocámara.

Con información de: ElNacional

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La entrada Partido Popular propondrá bloquear en Europa los fondos del régimen de Maduro se publicó primero en Miami Diario.

FEMA aid slow to reach Puerto Rico, Virgin Islands

FEMA aid slow to reach Puerto Rico, Virgin Islands

Puerto Rico following Hurricane Maria (Credit: Getty Images)

Puerto Rico following Hurricane Maria (Credit: Getty Images)

Puerto Rico and the U.S. Virgin Islands have been slow to receive recovery aid following Hurricanes Maria and Irma, according to a new examination of FEMA records.

Of more than 9,000 requests to fund long-term recovery projects in Puerto Rico, the Federal Emergency Management Agency has only funded 190. And in the Virgin Islands, only 218 such projects of more than 1,500 requests have received funding, according to the New York Times.

Both hurricanes Irma and Maria hit the American islands in 2017, causing an estimated $94.4 billion in real estate damage to Puerto Rico and $7.5 billion to the U.S. Virgin Islands.

By contrast, in the two years since Hurricane Harvey hit the Gulf Coast, FEMA funded about 3,700 recovery projects.

“I hate to make the distinction about American versus not American, but at the end of the day, we’re not being treated the same way as other Americans are being treated,” Dyma Williams, the acting CEO at the Gov. Juan F. Luis Hospital on St. Croix, told the New York Times.

Municipalities, nonprofits and other charities will typically pay for construction and repairs following a natural disaster such as a hurricane or wildfire, and FEMA will then reimburse them, officials said. But that can be challenging for islands like Puerto Rico. [NYT]Katherine Kallergis

The post FEMA aid slow to reach Puerto Rico, Virgin Islands appeared first on The Real Deal Miami.

Home prices accelerate nationally as owners stay longer

Home prices are on the rise, and homeowners are opting to stay in their homes longer (Credit: iStock)

Home prices are on the rise, and homeowners are opting to stay in their homes longer (Credit: iStock)

The pace of rising home prices quickened in September and existing home sales ticked up 1.9 percent.

Average home prices in cities across the nation rose 3.2 percent compared with the same period in the previous year, the Wall Street Journal reported. The year-over-year rise in August had been 3.1 percent.

The gains mark a two-month departure from a long period of slowing growth in home prices.

The gains were more moderate — just 2.1 percent — in the large urban areas tracked by the composite S&P CoreLogic Case-Shiller U.S. National Home Price Index.

A separate report released last week by the Federal Housing Finance Agency echoed those findings, while the National Association of Realtors said existing home sales increased by 1.9 percent in October.

Homeowners are choosing to stay in their homes longer, in part because of a dearth of affordable options and tax abatements for older homeowners, according to a Redfin study, the Washington Post reported. Owners in homes where walkable amenities are available are also less likely to move, and houses with higher walkability scores sell faster, the study found.

The number of homes for sale in Washington, D.C., has fallen 38.1 percent since 2010, while the median sale price surged 36.7 percent to $410,000 from $299,900. Washington-area homeowners are also sticking around more — remaining in their homes for a median of 13 years, compared with just nine in 2010.

[WSJ, WaPo] — Georgia Kromrei

Griffin gets biggest tax bill in Palm Beach, late billionaire’s islands hit the market for $30M

Every day, The Real Deal rounds up South Florida’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page throughout the day. Please send any tips or deals to [email protected]

This page was last updated at 4:30 p.m.

Hedge fund manager Ken Griffin is facing a $5.37 million property tax bill for 2019, the biggest in Palm Beach. Like property owners throughout Florida, Griffin received his bill in November. Griffin is one of nearly 60 property owners on the island who are billed at least $500,000 in property taxes, according to the Palm Beach Daily News. In Palm Beach, taxable values for residential properties rose to $17.32 billion, a 5.37 percent year-over-year increase. [TRD

A group of private islands in the Bahamas that hosted President Richard Nixon will hit the market for nearly $30 million. The nine islands were owned by the late billionaire Chris Cline, who died in a helicopter crash in July on his way off the property. Cline’s estate is selling the Bahamian compound, which is made up of 277 acres in the Abaco Islands, the Wall Street Journal reported. [TRD

Rent freeze in Berlin ends calls for expropriation, but may spark disinvestment. Deutsche Wohnen CFO Philip Grosse said in an interview with Bloomberg that the firm is holding off on construction in Berlin, and instead will look to other cities to make new investments. The company said earlier this month that limits on raising rents and potential mandated rent cuts put cash flow at risk. [TRD

Glenn Straub loses appeal on Palm House sale. Creditors of the Palm Beach condo-hotel project that was once at the center of South Florida’s largest EB-5 fraud case may be one step closer to getting paid. A federal appeals court denied an appeal by Wellington developer Glenn Straub to overturn the sale of the Palm House Hotel, according to the Palm Beach Daily News. [TRD

Disgraced casino mogul Steve Wynn to pay $20M to settle shareholder suit. The damages that Wynn will pay, with an additional $21 million from insurance carriers for Wynn Resorts employees, must be approved by a Las Vegas judge, according to the Los Angeles Times. Wynn has repeatedly denied any wrongdoing in connection with the allegations of sexual abuse. [TRD]

FEMA aid slow to reach Puerto Rico, Virgin Islands. Of more than 9,000 requests to fund long-term recovery projects in Puerto Rico, the Federal Emergency Management Agency has only funded 190. And in the Virgin Islands, only 218 such projects of more than 1,500 requests have received funding, according to the New York Times. [TRD

Millennials in search of more affordable digs are heading west, swapping Brooklyn for Boulder. And institutional investors are taking the hint. Apartment building rental income nearly doubled between 2004 and 2018 in the eight Mountain States, according to a report from Trepp that examined properties in eight states, as cited in the Wall Street Journal. [TRD]

Tiger Woods’ ex-wife Elin Nordegren relisted her North Palm Beach estate for $44.5 million. The former model first listed the 11-bedroom, 18-bathroom mansion last year for $49.5 million, according to the L.A. Times. Nordegren married Woods in 2004 and the couple got divorced in 2010, at which point she received a settlement of $100 million. [LAT]

CVS will demolish a Wellington store after it was deemed an unsafe structure. The pharmacy chain will keep the foundation, submit new permit applications to Wellington, and rebuild the store at 11936 Forest Hill Boulevard, according to the Palm Beach Post. A village building official said there “so many errors in this building” including builder errors, incorrect materials, issues with the roof system and the manufacturer. [Palm Beach Post]

From left: Joseph P. Thomas and Scott Havericak, with 3001 N. Federal Highway (Credit: Google Maps)

From left: Joseph P. Thomas and Scott Havericak, with 3001 N. Federal Highway (Credit: Google Maps)

The site of a bankrupt hotel in Fort Lauderdale sold for $10 million. Fort Lauderdale investor Michael Daniel bought the 102,000-square-foot property at 3001 North Federal Highway for $98 per square foot. The property is occupied by a vacant, 105-room, 45,432-square-foot former Ramada Inn. [TRD]

Compiled by Katherine Kallergis

Bahamian islands owned by late coal billionaire ask $30M

Cline’s Bahamian compound (Credit: Corcoran Group)

Cline’s Bahamian compound (Credit: Corcoran Group)

A group of private islands in the Bahamas that hosted President Richard Nixon will hit the market for nearly $30 million.

The nine islands were owned by the late billionaire Chris Cline, who died in a helicopter crash in July on his way off the property. Cline’s estate is selling the Bahamian compound, which is made up of 277 acres in the Abaco Islands, the Wall Street Journal reported.

Cline was killed over the summer along with his daughter, friends of hers and the pilots.

The islands are less than 70 miles away from South Florida’s coastline. They include Big Grand Cay, with seven houses, staff homes, a dorm-style building, a pool, marinas, a gym, tennis, pickleball and basketball courts, and a professional kitchen.

Hurricane Dorian, which wreaked destruction to part of the northern Bahamas, caused only minimal damage to Cline’s property, the Journal reported. The main island has generators that power the entire property.

Nixon was a visitor to the Bahamian islands when they were owned by the late Robert H. Abplanalp, who invented a modern version of the aerosol valve.

Bill Yahn of the Corcoran Group and John Christie of H.G. Christie Ltd. in Nassau share the listing. [WSJ]Katherine Kallergis

Why Ignite International Is More Than A Cannabis Leader

Why Ignite International Is More Than A Cannabis Leader

Since California legalized cannabis in November of 2016, other states have followed suit and an entire industry has sprung up to capitalize on the new burgeoning market.
Yet not many brands i…